The Marshall Islands in the Pacific Ocean became the first nation on Tuesday to ratify a 2016 accord to cut the use of powerful factory-made greenhouse gases, saying the survival of the nation was at risk from climate change. The parliament of the Marshall Islands, with a population of 53,000 vulnerable to rising sea levels caused by melting ice, approved the plan to curb use of hydrofluorocarbons (HFCs) that are used in refrigerants and air conditioning. The decision is a sign of continuing action to limit global warming despite uncertainty about future U.S. climate policies under President Donald Trump. Trump has expressed doubts that man-made greenhouse gases stoke warming. "My country will not survive without urgent action to cut emissions by every country and every sector of our economies, including HFCs," said Marshall Islands President Hilda Heine. "This deal is good for our people, the planet, and the profits of those that follow in our footsteps," she said in a statement, … [Read more...] about Marshall Islands first to ratify global HFC greenhouse gas pact
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VietNamNet Bridge - Hot issues in the APEC Summit 2016 are Brexit and the rise of populism in politics, especially in the US after Donald Trump was elected the new president, which appears to have added strength to the voices protesting globalization. Protectionism is about to "rise", trade and investment are "losing momentum" and gradually they are no longer a top strength of economic globalization. After the Brexit "shock" will there be a shock of globalization? Mercantilism caused instability in the world for decades. Before the Industrial Revolution, the regulations restricting imports by tariffs and quotas in order to promote domestic productionreduced the strength of opponents and increased global influence. These measures actually created some short-term gains but they caused political tensions, territorial expansion and persistent and costly wars. The consequences of the new mercantilism of the US President-elect Donald Trump, especially for China, may not be so bad, but … [Read more...] about APEC 2016: what is the future of globalization?
Some fish may cope with the changing chemistry of the oceans linked to global warming by permanently setting their body defenses to night-time levels, the time of day when they find sea water least hospitable, a study said on Monday. Man-made carbon dioxide, released into the air by burning fossil fuels, forms a weak acid when mixed with water that can harm marine life in what is likely to be a worsening effect of global warming this century. Fish adjust their bodies every day because levels of carbon dioxide naturally in the seas peak at night and dip during sunlight hours when algae, seaweed and other plants absorb carbon dioxide to generate energy. The study of spiny damselfish, a small species from Australia's Great Barrier Reef, found that those best able to tackle high carbon levels in the water produced offspring with flexible body clocks that helped adapt to acidification. "It seems the tolerant offspring may have adjusted their circadian clocks as if it was always night," … [Read more...] about Some fish tackle ocean global warming by pretending it’s night
LONDON, June 24 - Britain has voted to leave the European Union, results from Thursday's referendum showed, a stunning repudiation of the nation's elites that deals the biggest blow to the European project of greater unity since World War Two. LONDON, June 24 - Britain has voted to leave the European Union, results from Thursday's referendum showed, a stunning repudiation of the nation's elites that deals the biggest blow to the European project of greater unity since World War Two. World financial markets plunged as complete results showed a near 52-48 percent split for leaving. The vote created the biggest global financial shock since the 2008 economic crisis, this time with interest rates around the world already at or near zero, stripping policymakers of the means to fight it. The pound suffered its biggest one-day fall in history, plunging more than 10 percent against the dollar to hit levels last seen in 1985. The chief ratings officer for Standard & Poor's told the … [Read more...] about Britain votes to leave EU, unleashing global turmoil
(VOVworld) - The economic cost of disasters across the world dropped in 2015 to around USD 85 billion from USD 113 million last year, reinsurance firm Swiss Re said on Saturday. According to the firm, the cost of natural disasters alone accounted for USD 74 billion of this year's total. The industrial disaster in Tianjin in northeastern China, where massive explosions at a hazardous goods storage firm on August 12 killed 161 people, is estimated to have been the year's costliest catastrophe, with insurers covering more than USD 2 billion of the damage. The Nepal earthquake, which killed 9,000 people and destroyed 500,000 homes had an economic cost of more than USD 6 billion, but insurers had to pay out just USD 160 million. More than 3,000 people died in India and Pakistan when temperatures soared above 48 degrees Celsius, the reinsurer said. … [Read more...] about Global disaster costs fall to 85 billion USD in 2015: Swiss Re